Question
In Caymus Companys December 31 trial balance, a credit balance of $31,500 appears in Unearned Fee Income . This amount represents cash received from a
In Caymus Companys December 31 trial balance, a credit balance of $31,500 appears in Unearned Fee Income. This amount represents cash received from a customer on November 1 covering work to be performed by Caymus in November through January. At December 31, Caymus had earned $10,500 of the amount received on November 1. Which of the following would be used to adjust the Unearned Fees Income account on December 31?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
5th Edition
126078035X, 978-1260780352
